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Some parents feel purchasing a property is a much better option for their children studying at Imperial College of Science, Technology and Medicine, as they can benefit from capital growth over time. This equity could then either serve as a pension or used to purchase additional properties for other children.
Indeed, buying a property as an investment is a clever way of avoiding potentially costly rental costs and also serves as a long-term investment strategy.
If you have equity in your family home that you could release through remortgaging, or you have enough savings for a deposit, then investing in a property while your children study at Imperial College of Science, Technology and Medicine may be for you.
Foxtons has a specialist property investments department who can advise on the best strategies for investing in student accommodation.